Crompton Greaves has slipped 7% to Rs 124 after reporting a 67% year-on-year (y-o-y) drop in consolidated net profit at Rs 77 crore for the third quarter ended December 31, 2011, despite a 26% growth in net sales at Rs 3,028 crore on y-o-y basis.
Total expenditure rose 38% to Rs 2,908 crore (Rs 2,104 crore), while raw material cost was up 16% at Rs 1,396 crore (Rs 1,198 crore) during the recently concluded quarter.
The company said the current period included the results of the subsidiaries acquired during the period, specifically Emotron in Sweden and QEI in the US. Consequently, figures for the current period are not comparable with the figures of the corresponding previous periods and figures for the previous periods / year have been regrouped and reclassified, wherever necessary.
A combined 200,000 shares have changed hands on the counter in opening deals on both the exchanges
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app